Sold
2-4 Mechanic St, Newton, MA
Newton · MA 02464
- $1,940,000
- Price
- 12
- Beds
- 8
- Baths
- 4877
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1850
Units:
4 Units
Lot size:
4,530 Sq.Ft Lot
Price per square foot:
$400 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
2-4 Mechanic Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 6.05% cap rate on current income with rental upside. 2-4 Mechanic Street is a two-story building with four (4), 3-Bedroom/2-Bathroom duplex style units. The building was comprehensively renovated in 2019 and each of the four duplex units features open layout with new kitchens featuring white custom cabinets, granite countertops, and stainless-steel appliances. The units also have hardwood floors, in-unit laundry, new individual HVAC heating systems. The exterior of the Property was alco renovated and has a new roof, new wood siding and new windows. Additionally, there are Four (4) parking spaces at the rear of the property which is accessed through 204-206 Elliot Street (Driveway Easement). The subject property is ideal for a potential buyer looking for income growth and strong investment returns.
Neighborhood & Transit
2-4 Mechanic St, Newton · MA 02464
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Eliot Green 0.40 mi
Price Insight
- Days on Market:
- 1017 days
- Listing Price:
- $1,950,000
- Price per Sq.Ft:
- $400
- Tax Assessment:
- $1,519,900 in 2024
- Taxes:
- $1,249 / Monthly
Home Facts
Interior Features
- Bedrooms
- 12
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 4,877 Sq.Ft (Includes Basement)
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3639
- Flooring
- Unknown
- Lead paint
- None
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 4,530 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Wood
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- John Pentore
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73195349